this post was submitted on 23 May 2025
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Ontario Budget Misses the Mark on Climate, Affordability, Equity, Critics Say (www.theenergymix.com)
submitted 2 weeks ago by Sunshine to c/canada
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[–] Arkouda -1 points 2 weeks ago (2 children)

The first seconds of the video has the housing minister answering the question “do you think housing prices need to fall?” And he replies “no,…”

Edit:here is a CTV news link where he states "No. I think that we need to deliver more supply, make sure the market is stable. It’s a huge part of our economy,”

If that doesnt scream keep the status quo for housing idk what does.

What do you think the result of creating more supply in the housing market to be? Is anything "screaming" at you?

[–] toastmeister 1 points 2 weeks ago* (last edited 2 weeks ago)

More "affordable housing", which means dense government rentals, reserved for the uber poor and homeless. Its also a drop in the bucket in numbers versus the number private developers build, which is still far below the 420k immigration cap Carney announced.

Its no surprise, Trudeau also said prices need to remain elevated, as peoples nest egg. They just ran on affordable housing and people assumed it meant holistically lower prices, not government housing, its semantics.

[–] [email protected] 0 points 2 weeks ago

More supply should lower prices if done correctly. He explicitly states they want to add supply without lowering prices, therefore they may not provide enough supply to actually satisfy long term demand or make entry into the market possible for many first time buyers.